Significant operational deficits in 2021 ($270,624) and 2022 ($72,669).
Dramatic increase in liabilities from $0 in 2020 to $340,169 in 2021 and $325,222 in 2022.
Assets ($91,759 in 2022) are significantly lower than liabilities ($325,222 in 2022), indicating a negative net asset position.
Inconsistent revenue generation, with a sharp drop from $328,045 in 2020 to $96,152 in 2021.
Strengths
No reported officer compensation across all available filings, indicating low administrative overhead in this area.
Consistent filing history with the IRS, demonstrating transparency in reporting.
Maintained assets above $90,000 even during periods of high liabilities.
Spending Breakdown
How Elite Greyhound Adoptions Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Elite Greyhound Adoptions Inc
Is Elite Greyhound Adoptions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elite Greyhound Adoptions Inc (EIN: 204871903) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Elite Greyhound Adoptions Inc a good charity to donate to?
Elite Greyhound Adoptions Inc has a Mission Score of 55/100. Revenue: $104K. Assets: $92K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elite Greyhound Adoptions Inc?
The Employer Identification Number (EIN) for Elite Greyhound Adoptions Inc is 204871903. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Elite Greyhound Adoptions Inc spend its money?
Elite Greyhound Adoptions Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elite Greyhound Adoptions Inc's tax-exempt status?
You can verify Elite Greyhound Adoptions Inc's tax-exempt status using EIN 204871903 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Elite Greyhound Adoptions Inc. demonstrates inconsistent financial health over the past few years. While the organization reported $104,312 in latest revenue and $92,409 in assets, its recent filings show significant deficits. In 2022, expenses ($203,670) far exceeded revenue ($131,001), and in 2021, expenses ($366,776) dwarfed revenue ($96,152). This trend has led to a substantial increase in liabilities, reaching $325,222 in 2022 and $340,169 in 2021, a stark contrast to prior years where liabilities were reported as $0. This indicates a concerning reliance on debt or unpaid obligations.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent operational deficits in recent years suggest that current spending levels are not sustainable relative to incoming revenue. The lack of reported officer compensation across all filings indicates that executive pay is not a drain on resources, which is a positive sign for donor confidence regarding administrative overhead.
Transparency appears to be adequate in terms of filing history, with 11 filings available. However, the sudden and significant increase in liabilities from $0 to over $300,000 in just two years (2021-2022) warrants closer scrutiny and raises questions about the underlying financial management and the nature of these liabilities. Donors would benefit from more detailed explanations regarding these financial shifts.